June 4, 2023

The Ontario Innovation Heart has been working within the province and area for greater than three a long time.

Now, previously couple of months, the group has opened an workplace in Kingston, within the Kings Avenue Financial Improvement District. The middle helps small and medium-sized entrepreneurs and researchers to scale their work, the final word objective of which is commercialization.

Cher Powers, enterprise growth and commercialization supervisor for OCI, says the transfer is about accessibility and profile.

“If you consider what is going on on at Queen’s College, at Canada’s Inexperienced Heart proper right here in Kingston,” Powers mentioned.

Loyalist School’s pure merchandise and medical hashish analysis is one instance of the partnerships and funding assist OCI is concerned in growing. Powers says the Ontario Innovation Heart acts as a conduit for entrepreneurs and researchers to assist them entry funding by means of authorities packages to draw non-public buyers. He additionally helps along with his personal funding.

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“Our grant packages that supply dilution-free grant funding to startups and SMEs to assist them commercialize their expertise,” mentioned Powers.

Hearth Reign in Napanee is one other enterprise supported by OCI. Hearth Reign has developed a non-toxic, environmentally pleasant hearth extinguishing agent that’s presently used all through the world. Powers says she’s been very busy with OCI’s new program, which incorporates an advisory evaluation geared toward serving to companies assess their expertise wants to enhance and develop their enterprise, in addition to safe funding to assist with prices.

“It was very fashionable with native producers, cupboard makers, farmers, for instance, folks within the agricultural and building enterprise.”

These are all bands that Powers says OCI hasn’t normally labored with previously. The top of KEDCO says the 2 organizations will work carefully collectively to supply assist and companies to entrepreneurs within the area.

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